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make the hard choices to reduce the cost of healthcare and size of the deficit. we reject that they must choose between caring that built the country. >> like every president since fdr, mr. obama started his day early, with a prayer service at st. john's church. before departing the white house for the longest motorcades known to man for the rise to the capital. a star-studded affair. where else do you see paul ryan mingling with jay-z and beyonce who belted out the national anthem. >> the ceremony was over there was a stream of pomp and circumstance waiting. >> from signing papers to officially nominate the new cabinet to lunch with congressional leaders. then, of course, the parade. the first family could make the way back to the white house in that grand bulletproof review stand. yet all of that could wait because leaving the west front of the capitol, the president went off script to take in the vista of the national mall. mr. obama seemed to be taking in the moment. overheard saying he would never quite see this view again. as the president is set to sell th
make the hard choices to reduce the cost of healthcare and size of the deficit. we reject that they must choose between caring that built the country. >> like every president since fdr, mr. obama started his day early, with a prayer service at st. john's church. before departing the white house for the longest motorcades known to man for the rise to the capital. a star-studded affair. where else do you see paul ryan mingling with jay-z and beyonce who belted out the national anthem....
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and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the general haitian that will build this future. >> dana: kimberly, by suggesting they reject it, must mean somebody is proposing not taking care of the previous generation or the future generation. when some on the obama team say they are surprised that team sounded divisive for a lot of people. pundits but across the board, politico, et cetera. it must mean that somebody disagrees with it. i don't think that is what they were necessarily going for in this speech. >> kimberly: but that is how it came across. he is selling a clear line and it's continuing to be the shades of demonizing the right and the republicans that that is the party against everybody else. just wants to line their own pocket. they have a tremendous blow to the republican party by constantly portraying and defining them in a negative way. it obviously stuck, because the election, you got to
and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the general haitian that will build this future. >> dana: kimberly, by suggesting they reject it, must mean somebody is proposing not taking care of the previous generation or the future generation. when some on the obama team say they are surprised that team sounded divisive for a lot of people. pundits but across the board, politico,...
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again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a campaign for me. very flatter
again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more...
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he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights issue is taking a turn, as well, right? >>reporter: no question. he was able to pass the health care bill in the first term. the second term, in part, will be about implementing that law that republicans opposed but, obviously, chief justice roberts was the justice that helped decide that, in fact, it is the law of the land. the president, we should note, suggested he is going to reach out to republicans. he started the day at st. john's church across lafayette park, a little prayer service, and the pastor talked about how the pastor in chief in recent days in places like newtown, connecticut, has to reach
he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights...
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we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us, at any time, they may face a job loss or sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things strengthen us. [cheers] [applause] they do not make us a nation of takers. they free us to take the risks that make this country great. [cheers] [applause] we, the people, still believe that our obligations as americans are not just to ourselves, but to all prosperity we will respond to the thre
we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky...
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you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first tim
you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on...
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needs to look at the children's future in terms of economic debt and economic slavery through great deficits. >> steve: let's hope you're right and they get some things done. they compromise this time. >> exciting day. >> steve: it is indeed. thank you. next up, once a thing seen only in movies, drones are now revolutionizing warfare. inside look like you've never seen before. that's so cool. first, let's check in with bill hemmer who is live and chilly in d.c hey, billy. >> not too bad just yet. good morning to you. the next two hours we are live on the road here right across from the white house on pennsylvania avenue looking toward where america is today and what are the expectations for a second term? joe trippi is our guest on the democratic side. karl rove on the republican side. brit hume will analyze this as only he can when our coverage continues live at the top of the hour with martha and me on america's news room. we will see you then. so much to cover, so many important topics. we will get to as many as possible in the next two hours. we'll see you then ♪ just one bite opens a
needs to look at the children's future in terms of economic debt and economic slavery through great deficits. >> steve: let's hope you're right and they get some things done. they compromise this time. >> exciting day. >> steve: it is indeed. thank you. next up, once a thing seen only in movies, drones are now revolutionizing warfare. inside look like you've never seen before. that's so cool. first, let's check in with bill hemmer who is live and chilly in d.c hey, billy....
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will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. w
will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito...
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had on fox news this week over 80 percent of americans said that you cannot sustain trillion dollar deficits indefinitely. i don't think obama cares at all about that. that is not on his agenda. i think he really is a president who believes his mission is to reduce the inequality. he saw reagan increasing in inequality. he is a leveller. obama care was step one. i crease in spending of the government which was a massive increase in spending. increasing taxation especially on the rich is a third item. i think he wanls to contin-- wa continue that. he wants to get to levels of entitlement that will make much more equality between the classes that's where he wants to go. to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the
had on fox news this week over 80 percent of americans said that you cannot sustain trillion dollar deficits indefinitely. i don't think obama cares at all about that. that is not on his agenda. i think he really is a president who believes his mission is to reduce the inequality. he saw reagan increasing in inequality. he is a leveller. obama care was step one. i crease in spending of the government which was a massive increase in spending. increasing taxation especially on the rich is a third...
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. >> we have on immigration, gun safety, deficit reduction, methods for the economy, and we've got a pretty stacked agenda and urgency in the country to address it. >> what i don't think is constructive what the president is doing, within minutes of that horrible tragedy in newtown, the president began trying to exploit that tragedy to push a gun control agenda that's designed to appeal to partisans, designed to appeal to his political partisans. >> you rather freshman republican ted cruz suggesting that the president has been trying to take advantage of the newtown tragedy and the white house aides previously denied that. what is interesting is that some of those divisive details about gun control, immigration reform, we're told by aides at the white house will not come up tomorrow and the president will try to do the broad bush and follow up with the details on some of the issues, state in the union address, that's next month back on capitol hill. >> ed, thank you very much. the landscape of the president obama's second term is pretty different than when he came into the white hous
. >> we have on immigration, gun safety, deficit reduction, methods for the economy, and we've got a pretty stacked agenda and urgency in the country to address it. >> what i don't think is constructive what the president is doing, within minutes of that horrible tragedy in newtown, the president began trying to exploit that tragedy to push a gun control agenda that's designed to appeal to partisans, designed to appeal to his political partisans. >> you rather freshman...
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. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in ay way. our health care reform cannot
. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation...
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the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they can get more. there you are been senators who have risen above and we are not seeing people who put the people's business ahead of their political interests. partisanship is standing in the way of solving problems which is why we have talked. >> a perfect example is the simpson-bowles debt reduction decision, both had a good plan, ignored bit establishment by both parties, the president appointed them and he will not talk about it and the republicans who sponsored it do not want to talk about it but it is the one route to solving some of the main problems.
the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they...
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over the next 75 years, 70% of deficit spending is going to come from medicare programs alone, social security and medicare are the biggest part of the debt. the reason they are known as third rail of politics because if you touch them you are committing political suicide. george bush tried it and he was shut down. no lawmakers want to cut into medicare and social security because they would basically get voted out of office. that is what is interesting about this poll basically. you have all these americans and government spending is you on will krof, what we need to do is deal with entitlements, deal with social security and medicare that are going otherwise we're going broke. they say don't cut my social security. don't cut my medicare. that is the issue here. >> arthel: brenda, as a business expert, would you if you were going into books and looking at those systems, would you go in there and look at some of the unnecessary expenses, perhaps the administrative costs or make adjustments to make it fit where the public doesn't sort of freak out thinking their benefits will be cut? >
over the next 75 years, 70% of deficit spending is going to come from medicare programs alone, social security and medicare are the biggest part of the debt. the reason they are known as third rail of politics because if you touch them you are committing political suicide. george bush tried it and he was shut down. no lawmakers want to cut into medicare and social security because they would basically get voted out of office. that is what is interesting about this poll basically. you have all...
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, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two or four years, or do they at least start to show signs of wanting to negotiate deals where both sides are allowed to win? we have not seen that, whether you want to blame the president, whether you want to blame republicans. you just haven't seen that. they don't like each other. they don't get along well. there are no relationships there whatsoever, and that's why i'm skeptical that things will be different. and again, it kind of goes to the core of what they believe. they just don't agree on anything. i'd be shocked if they agree
, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two...
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the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...
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combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do
combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president...
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talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the democrats shut them out completely. maybe this time bipartisan. >> brian: that's not the harry reid i know. >> alisyn: let's get to other stories in the headlines, late last noos night, two drones strikes, at least three of the bodies were burned beyond recognition. the death toll could rise in the hostage crisis at a gas plant in algeria. many were killed including one american. two americans are still missing and the crisis ended yesterday when the algerian army attacked the plant killing two militants. president obama said this is attack is another reminder of the threat posed by al-qaeda and other violent e
talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the...
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the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come back and see a different thing. what is the biggest difference you are seeing coming back the second time? >> we passed a lot more rules on ourselves. we reduced our budget and exact opposite is happening to our government. it is gone crazy with regulation and restriction, but the part that is most alarmming is the amount of money that we are print one day will explode. we can't continue to print money. we have fancy names for it. it is quantitative easing and it is really printing money. wrim bay way has a trillion dollar note and you buy a loaf of bread everybody is happily singing . we will
the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come...
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plus, from immigration to deficit reduction, what else is on his second term to-do list. and is compromise or confrontation the real goal? plus the suicide of an internet activist finds his family crying foul. was aaron schwartz a victim of government intimidation and a run away prosecutor. >> while there's no law or set of laws that can prevent every sinceless act of violence completely, no piece of legislation that will prevent he every tragedy, every act of evil, if there's even one thing we can do to reduce this violence, if there's even one life that can be saved, then we've got an obligation to try it. >> paul: welcome to the journal editorial report, i'm paul gigot, that was president obama rolling out the plan to curb gun violence and the president outlined 23 executive actions, including more steps to make more federal data available from background checks and increased access to mental health services and he called on congress to reinstate the federal assault weapons ban and prohibit high capacity gun magazines that can hold more than ten rounds. so, what's like
plus, from immigration to deficit reduction, what else is on his second term to-do list. and is compromise or confrontation the real goal? plus the suicide of an internet activist finds his family crying foul. was aaron schwartz a victim of government intimidation and a run away prosecutor. >> while there's no law or set of laws that can prevent every sinceless act of violence completely, no piece of legislation that will prevent he every tragedy, every act of evil, if there's even one...
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is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two candidates, one was more focused on cutting the deficit and reducing our long term debt and one didn't think it was a big concern. the one who didn't think it was a big concern won the election. yes, voters seem to say that is an issue they agree with, but when it came to election day two months ago that certainly wasn't one of the top issues they voted on because they voted for the candidate who wasn't embody go it. >> heather: through his actions, as well. that leads to this, how f or if it should be raised? should the debt limit be raised again, 23%
is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two...
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.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. whole statthe boys use capital one venture miles for their annual football t
.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the...
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>> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the ground support in the weeks ahead. >> let me ask you a question. what about the divide that remains between the president and republicans? will he make more of an effort to find common ground? >> i think the president certainly has done an outreach on both sides of the aisle and on issue after issue, he's willing to put a traditional democratic party orthodoxy to pass it in a bipartisan way. this ultimately is a bipartisan organization that seeks support from both sides . the president is not going to abandon his core principles and he's not going to reduce the deficit on the backs of the poorest citiz
>> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the...
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so if you are trully a deficit buster, you will be for it. not going to happen. >> i will argue the mathematics. morgan we knew we would inch our way into it. isn't that happening? that obama care we saw passed a couple of years ago is the beginning of full-blown government take over. >> it is unlikely that the public option will happen. i will jump on the idea of funky mathematics for a second. this 100 billion plus number that is thrown around is from a cvo report . then in 2010, the number was 68 billion dollars . yeah, two different programs and that is a big issue with the public option. there is so many ifs and whether it would make money or lose money and whether subsidies would be involved. >> mike, when government takes something over, doesn't it get more expensive and burrcratic than it was in the private sector? >> this is what happened with other countries that tried universal health care. canada, you can wait for a year for knee surgery . go to amtrak run by the government they are bankrupt without a big subsidy . you look at oba
so if you are trully a deficit buster, you will be for it. not going to happen. >> i will argue the mathematics. morgan we knew we would inch our way into it. isn't that happening? that obama care we saw passed a couple of years ago is the beginning of full-blown government take over. >> it is unlikely that the public option will happen. i will jump on the idea of funky mathematics for a second. this 100 billion plus number that is thrown around is from a cvo report . then in 2010,...
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look, anything that keeps the focus on reducing debt and deficit in my mind is a good thing. getting rid of the debt limit is papering over the real uncertainty, which is american consumers, american investors don't know if and when washington will ever adopt a sensible fiscal policy. i wish we had it come up every month. >> gary b. basically steve is saying this eliminates some uncertainty and that would help. we see consumer confidence at lows again. >> absolutely, brenda. look, this is how every family operates. they don't go out and make plans we're going to build a new addition to the house and do this and that and we don't have any money to pay for it. let's borrow more. i think steve is right. this should be a regular conversation because as he points out. we've not had a budget passed by the senate in the last four or five years, for crying out loud. >> there has to be check and balance. jonas says let's get rid of it. my gosh let's get rid of everything and spend whatever we have out there. so like todd said we could stimulate the economy and all of that spending has
look, anything that keeps the focus on reducing debt and deficit in my mind is a good thing. getting rid of the debt limit is papering over the real uncertainty, which is american consumers, american investors don't know if and when washington will ever adopt a sensible fiscal policy. i wish we had it come up every month. >> gary b. basically steve is saying this eliminates some uncertainty and that would help. we see consumer confidence at lows again. >> absolutely, brenda. look,...
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has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? come on. >> let me put it in some context. there was a time in this country and everybo
has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest...
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he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republi
he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the...
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leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some people. >> with the white house refusing to negotiate spending cuts and the democrat controlled senate unlikely to pass a budget as part of a long-term deal to raise the tet ceiling, pat toomey of pennsylvania is reintroducing legislation he says will avert the u.s. from defaulting on the debt. >> we must prioritize three categories of payments. one would be debt service, interest on the debt so we would haven't default. a second would be social curt payment to seniors so they don't worry whether the check is coming or not. the third is pay for the active duty military personnel. >> the white house is
leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some...
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extension in order to have time to come up with a grander deal to deal with the long-term debt and deficit. jon: argument goes on. carl cameron in washington thanks. jenna: a femme-fatale or a woman of fate? a major development in the case of a woman on trial for the murder of her boyfriend. also some new details emerging in the story of manti te'o and his nonexistent girlfriend. when did the football star find out about the hoax and why did he keep the story going? questions we're looking for answers today on "happening now." ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. jon: right now some crime stories we're keeping an eye on. arizona, the state is resting its case in the high-profile trial of a woman accused of killing her former boyfriend in a jealous rage. prosecutors claimed jody aras stabbed slashed and shot travis alexander or i should say stabbed and slashed him 30 times before slitting hi
extension in order to have time to come up with a grander deal to deal with the long-term debt and deficit. jon: argument goes on. carl cameron in washington thanks. jenna: a femme-fatale or a woman of fate? a major development in the case of a woman on trial for the murder of her boyfriend. also some new details emerging in the story of manti te'o and his nonexistent girlfriend. when did the football star find out about the hoax and why did he keep the story going? questions we're looking for...
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immigration reform, infrastructure, building high speed rail, getting rid of the deficit. education. we have to look at very carefully how do we stay competitive internationally with manufacturing and all this stuff? so there is a lot of issues that need to be addressed. we can't just freeze and say, it's hard to negotiate with the white house. everything is hard. when i sat there in sacramento, every single thing, you just wanted to build a road, it was a major issue. you had to negotiate for two years. but you can never give up. that's the most important thing. >> gretchen: the important other story is lance armstrong and coming clean on this interview last night with oprah winfrey. what do you make of the culture that we live in now where more and more people, including yourself, find themselves in situations where they have lied? >> i've never lied. >> gretchen: you never lied? >> you talking about my scandal that i had? i came very clean when my wife asked me the simple question. this is true. i said yes. i went out to the public and i immediately said, here is the si
immigration reform, infrastructure, building high speed rail, getting rid of the deficit. education. we have to look at very carefully how do we stay competitive internationally with manufacturing and all this stuff? so there is a lot of issues that need to be addressed. we can't just freeze and say, it's hard to negotiate with the white house. everything is hard. when i sat there in sacramento, every single thing, you just wanted to build a road, it was a major issue. you had to negotiate for...
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it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the halls of congress. we are going to take it beyond that. we are going to go to the country making our case and let the voices, the voice of american people to be heard. >> it will be separate from the democratic national committee. the white house dmc chair debbie watson schultz. describes her as an obama outsider who never enjoyed a close relationship with the president. >> isn't that the question you would love to be asked what are you going to do with the leftover 5.3 million? >> i don't anticipate that in my life. >> a too bad hopefully you share the wealth. >> dumped several inches of snow but it claimed
it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the...
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>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact right now, i think the crisis we have right now is a jobs crisis. i think it's an income inequality crisis in our country. i think there's an investment crisis. we don't talk enough, neil, about the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -
>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact...
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what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their motives. and he's not interested in forging bipartisan consensus on the debt, he's interesting in demonizing and dividing republicans and he's going to continue to do that in his second term. >> megyn: why would he be doing that, simon? >> i think it's called politics, megyn. i think what we expect out of our president, just like we expect out the republican party, is for them to fight as hard as they can for the things that they believe in. and to be -- and to make clear about what they believe the other side is doing, too. listen, i listened to rick santorum at the republican convention say that if
what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their...
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by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there wer
by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts...
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what i'm told is that we can expect to touch as you might expect on deficits and debt. on immigration and gun control. but he is also going to address our seemingly broken politics. you have to remember the inaugural address is part of a large day of events and the people who are organizing it well placed democrats tell me that they are trying to make sure that one appeared, including the president. no one appears to b the football. they don't want people watching at home as one democrat said to me to get the idea that oh, he, meaning the president, is having a big party while the rest of us are still mired in a financial crisis, bill. >> bill: yeah. they are even having trouble filling the party. the address is monday night. we will be live on the factor. we have a really good lineup. i have seen a change in the demeanor as i said to senator rubio of president obama. is he a little more in your face than he was before the election. just real quick, rosen, you have seen that change? >> yeah. and i think the nomination of chuck hagel shows it. >> bill: okay. now, cammero
what i'm told is that we can expect to touch as you might expect on deficits and debt. on immigration and gun control. but he is also going to address our seemingly broken politics. you have to remember the inaugural address is part of a large day of events and the people who are organizing it well placed democrats tell me that they are trying to make sure that one appeared, including the president. no one appears to b the football. they don't want people watching at home as one democrat said...
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adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses what the president has told at the white house, we don't have a spending problem. it's because of this healthcare problem. >> i mean this is so riddled with mistakes, it's hard to list them all. as you know and previous guest gary made clear, the problem is entitlement spending. if you add new entitlement, you have a bigger problem. it goes the wrong direction. insurance costs are high for two reasons. healthcare costs are high and insurance has to pay for operations on top of that and all obamacare did was add new regulations and insurance costs. it made the bill go up and
adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses...
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don't worry about it, it will work itself down the line and don't worry about the mounting debt and deficit. >> that's then and this is now. a debt as you pointed out 16.4 trillion dollars and rising constantly. we need a restraint on that debt. we cannot let it run away constantly. the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers to live within their moneys and with the money. when you look at 16.4 trillion, they're right, we're not living in our means. and there's a question, stu, you see that number, i think of my kids and think of my children. who is going to pay that number? it's probably not going to be me. >> right. >> megyn: it's probably going to
don't worry about it, it will work itself down the line and don't worry about the mounting debt and deficit. >> that's then and this is now. a debt as you pointed out 16.4 trillion dollars and rising constantly. we need a restraint on that debt. we cannot let it run away constantly. the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the...
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is an unnecessary legislative hurdle that has proven to be both an ineffective means of controlling deficits, and a danger to this country's standing in the world financial markets. >> we must not permit and artificial debt ceiling to throw the country into default and our economy into chaos and depression, which is exactly what the republicans are threatening to do. jon: some conservative groups warn that removing the limit is a recipe for economic disaster, as we're seeing now in greece. the leaders of heritage action family research council and club for growth writing in an op ed they want congress to balance the budget within ten years and keep it balanced. quote, no american should have to tell an eight-year-old child that we cannot get our nation's house in order by the time she goes to college. there are many ways to get to a d republicans haved both an obligation to explain what path they will choose. jonah goldberg is editor at large for national review online, he's also a fox news contributor. get rid of the debt ceiling all together? jonah, what do you think about that idea? >> we
is an unnecessary legislative hurdle that has proven to be both an ineffective means of controlling deficits, and a danger to this country's standing in the world financial markets. >> we must not permit and artificial debt ceiling to throw the country into default and our economy into chaos and depression, which is exactly what the republicans are threatening to do. jon: some conservative groups warn that removing the limit is a recipe for economic disaster, as we're seeing now in...
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>> and fitch has specifically said it's because they want a credible, credible deficit reduction plan, a solution, a long-term solution. bill: which they said last year too. martha: when you take a look at the twin title waves coming at us with medicare and with social security, until you deal with those and reform those programs and strengthen them for future generations we are not going to solve the problem. bill: senator, thank you for your time and being patient. john barrasso on the hill, republican from wyoming. >> thank you, bill. martha: let's go back to the scene where they are working to extricate this woman. that's a look at her hand. they are trying to get her out of there as carefully as they possibly can. they have no idea whether she was broken bones or in terrible damage. at this point they say she is conscious and speaking with them. they are working very hard to get her out. boy will she have a story to tell when they do. we'll be right back here with breaking news from "america's newsroom" from portland this morning. hi. i'm henry winkler. and i'm here to tell homeo
>> and fitch has specifically said it's because they want a credible, credible deficit reduction plan, a solution, a long-term solution. bill: which they said last year too. martha: when you take a look at the twin title waves coming at us with medicare and with social security, until you deal with those and reform those programs and strengthen them for future generations we are not going to solve the problem. bill: senator, thank you for your time and being patient. john barrasso on the...
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you cannot have trillion-dollar deficits every year. >> the pain is going to be unbelievable. >> if liberalism does not work and it doesn't, it will be rejected. and the conservatives will find their leader. they always do. >> bill: i'm not disagreeing that will happen down the road but i don't want a catastrophe before it happens. and i think that's where we are headed. >> i agree with you on that. >> would've. charles thank you. in a moment al qaeda tries to take over a country in africa and the french are trying to stop it will the u.s.a. join the fight. factor tip of the day, do not fool around with mother nature. we're coming right back. >> bill: back of the book segment tonight. the african country mali a is back water. poor perfect place for al qaeda to take root. now it seems that islamic militants may seize control of mali. standing in the way the french who controlled the country at one time. french armed forces are fighting al qaeda but the u.s.a. is standing back. >> there is no consideration of putting american boots on the ground at this time. we have commended the french for thi
you cannot have trillion-dollar deficits every year. >> the pain is going to be unbelievable. >> if liberalism does not work and it doesn't, it will be rejected. and the conservatives will find their leader. they always do. >> bill: i'm not disagreeing that will happen down the road but i don't want a catastrophe before it happens. and i think that's where we are headed. >> i agree with you on that. >> would've. charles thank you. in a moment al qaeda tries to take...
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you cannot have trillion-dollar deficits every year. >> the pain is going to be unbelievable. >> if liberalism does not work and it doesn't, it will be rejected. and the conservatives will find their leader. they always do. >> bill: i'm not disagreeing that will happen down the road but i don't want a catastrophe before it happens. and i think that's where we are headed. >> i agree with you on that. >> would've. charles thank you. in a moment al qaeda tries to take over a country in africa and the french are trying to stop it will the u.s.a. join the fight. factor tip of the day, do not fool around with mother nature. we're coming right back. for ye. both of us actually. our pharmacist recommended it. and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term health benefits. and what do you know? they used centrum silver in the study. makes me feel even better, that's what i take. sorry, we take. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. >> bill: back of the bo
you cannot have trillion-dollar deficits every year. >> the pain is going to be unbelievable. >> if liberalism does not work and it doesn't, it will be rejected. and the conservatives will find their leader. they always do. >> bill: i'm not disagreeing that will happen down the road but i don't want a catastrophe before it happens. and i think that's where we are headed. >> i agree with you on that. >> would've. charles thank you. in a moment al qaeda tries to take...
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in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are going to tell us that we will be downgraded. you have to have a discussion in the broader context. this is why the things are different when you talk about $17 billion in this particular mulvaney amendment. it is not a ton of number. in the context of $1.2 trillion debt. but you to have the discussions about the $17 billion. it's not out of line to suggest that a 1.6%be off-set is reasonable. >> bret: i will say one thing aboutbe the debt ceiling debate quickly. president obama yesterday and then jay carney back in 2011 two different takes but the same message. >> congressional republicans refuse to pay a
in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are...
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they created the structural deficit -- >> neil: wait a minute. we can go back in time and talk about 9/11 and a recession was taking hold. i don't want to go back in history. i want to ask thufinaly, would you agree that if we get a republican president and he or she is demanding the same prerogative you want to give this president right now, you, simon, would be on board and say go for it. >> i think we should eliminate the vote over the debt ceiling, both party, both presidents for all time -- >> neil: you would give a republican the same eye am going to save this tape. when it comes to that, i am going to have you back. >> hopefully, that won't be for a long time. >> neil: i thought you would say that, touche. >> okay. >> neil: from help out of d.c. to big doings in d.c., the city is getting readyr spiffy for a piece of history. the president's inauguration on monday. since january 20 falls on a sunday, the president will be privately sworn in that day. but the hoopla is all on monday, across the capitol. and we will be there again. probably n
they created the structural deficit -- >> neil: wait a minute. we can go back in time and talk about 9/11 and a recession was taking hold. i don't want to go back in history. i want to ask thufinaly, would you agree that if we get a republican president and he or she is demanding the same prerogative you want to give this president right now, you, simon, would be on board and say go for it. >> i think we should eliminate the vote over the debt ceiling, both party, both presidents...
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we have clear issues, as pat was alluding to, with the debt and the deficit. they're not solved and the debt ceiling, while it's an important hurdle and i don't want to default and i think the president is substantively is right, we can't be a totally polarized nation and nor can we pit one against the other and is sub zero see site. president clinton got a deal with newt gingrich, a different philosophy, he reached out across the aisle. we have to deal with entitlements, it's not a question of not wanting to take care of old people or poor people or feeding poor children, i think everybody believes we should. it's how and what extent and in what way can we afford it. bottom line, i thought the president's tone was unfortunate. he did it in the press conference right after the election, and i think that ultimately, it does the american people a disservice. >> kirsten, you read some the left wing pundits and they've had it with president obama in their view bending in these discussions with the left. they think, you know, he extended the bush tax cuts a couple
we have clear issues, as pat was alluding to, with the debt and the deficit. they're not solved and the debt ceiling, while it's an important hurdle and i don't want to default and i think the president is substantively is right, we can't be a totally polarized nation and nor can we pit one against the other and is sub zero see site. president clinton got a deal with newt gingrich, a different philosophy, he reached out across the aisle. we have to deal with entitlements, it's not a question of...